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the largest destination airport and the largest port complex in the united states. moved 45% of the all the seaborne goods. i called them from brazil and chile and colombia said you have to do this around the clock. i came back early and made sure they did. i said look, we'll be here till we drop but we'll have to settle this thing. i got there about 11:30 on monday night. by 10:00 in the morning i said look, you guys are two far apart. we need to bring in a federal mediator. they both agreed to do that. they got to serious negotiations. liz: good. >> we actually ssttled this thing before the mediator got there 8:30 last night. david: it is settled but you still have a lot of stuff on those boats, on those container ships. it has to be brought in. >> yes, we do. david: last time it happened 10 years ago, it cost a billion dollars a day. that lockout for strike was during the fall. in is from the chris most season. can you get stuff from the ships onto the shelves in time for christmas shopping? >> no question about it. we'll work as hard as we can around the clock t
the largest destination airport and the largest port complex in the united states. moved 45% of the all the seaborne goods. i called them from brazil and chile and colombia said you have to do this around the clock. i came back early and made sure they did. i said look, we'll be here till we drop but we'll have to settle this thing. i got there about 11:30 on monday night. by 10:00 in the morning i said look, you guys are two far apart. we need to bring in a federal mediator. they both agreed...
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Dec 6, 2012
12/12
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an additional 10,000 port workers refused to cross the picket lines, which crippled cargo deliveries. the clerical union is expected to vote on whether to ratify the agreement in about 2 weeks. while shippers and workers have worked out a deal, the national retail federation warns it's possible retailers could get left with some bare shelves during the holidays if the strike continued. plans are moving forward to allow big box retailers to do business in india. for years, walmart and other u.s. companies have been battling to set up shops there. the indian government has enough votes to pave the way for the retailers despite crisitism that bringing in big box stores will crush small shops and farmers. later this week, the indian parliament's upper house will debate the issue. details are emerging into how a fire at a bangledesh factory could have been avoided. the factory makes clothes for walmart and sears. last month, 100 people were killed in the fire. since 2005, more than 700 garment workers have died, according to a labor rights group. bloomberg news has uncovered in a recent me
an additional 10,000 port workers refused to cross the picket lines, which crippled cargo deliveries. the clerical union is expected to vote on whether to ratify the agreement in about 2 weeks. while shippers and workers have worked out a deal, the national retail federation warns it's possible retailers could get left with some bare shelves during the holidays if the strike continued. plans are moving forward to allow big box retailers to do business in india. for years, walmart and other u.s....
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Dec 5, 2012
12/12
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the ports were crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work stoppage also forced ships to reroute to ports in mexico, panama and northern california. a tentative deal was reached late last night after federal mediators joined negotiations. no details yet on the deal, but workers are expected to get new terms that will prevent jobs from being outsourced. >> tom: we saw the influence of apple on any stock index which includes it. without apple, the dow rallied. but the nasdaq and s&p 5 were weighed down thanks to apple's weakness. the s&p 500 hit its lowest leve of the session just after ale stronger than expected report on the services sector before 11:00 a.m. eastern time. it bounced into positive territory and closed up 0.2%. volume picked up a little on the big board with 757 million shares. 1.8 llion move1.on the nasdaq. the technology sector was the mobig drag on theg road market. it fell 1.3%. the utility sector saw the best gains, up 1.6%. apple p
the ports were crippled after clerical workers went on strike and were supported by the longshoreman's union, which refused to cross the picket line. the shutdown cost $1 billion a day. the work stoppage also forced ships to reroute to ports in mexico, panama and northern california. a tentative deal was reached late last night after federal mediators joined negotiations. no details yet on the deal, but workers are expected to get new terms that will prevent jobs from being outsourced. >>...
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not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas says that ions are going to these quote, unquote, highly skilled. i remember, i worked in a cardboard box factory, i had to join the teamsters and i worked as a supermarket cashier, i had to join the retail clerks union. so could it get to fast food? absolutely. you're right, brenda, it can because they're flexing their muscle and have the backing of the current political environment. >> brenda: larry. >> brenda, the younes need to reinvent themselves. if they need to get into my skilled jobs and earn higher wages and that's the key. >> you're right and the ia of organizing the lowest end of the structure here is, as jos says, the average lifetime of employee i think is nine months in the fast food business so it's antithetical and-- >> these aren't coal mines and slaughter houses, brenda, these are folding sweaters at the gap, shiers. >> we need to see more un
not just talking about fast food, we've seen it at wal-mart, at airports, at the shping ports and they're flexing their muscles. >> absolutely, and they have the backing of the current administration, and i don't dismiss what jonas says that ions are going to these quote, unquote, highly skilled. i remember, i worked in a cardboard box factory, i had to join the teamsters and i worked as a supermarket cashier, i had to join the retail clerks union. so could it get to fast food?...
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Dec 28, 2012
12/12
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the mediator in the port works contract dispute says they have extended the contract no 30 days at issue was royaltied for incoming containers, so basically kicking the container cliff down the road no 30 days. >>> we have asked, you have answered. besides president obama, who is the biggest political winner of 2012 and why? some of answers we got, very interesting. lawrence william says hands down chris christie, he had a great year. liberals, we can say it with pride again. we get this from pixie sherry, 2012 big winner, at real donald trump. for all the ego boosting, #tag overexposure addict. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer
the mediator in the port works contract dispute says they have extended the contract no 30 days at issue was royaltied for incoming containers, so basically kicking the container cliff down the road no 30 days. >>> we have asked, you have answered. besides president obama, who is the biggest political winner of 2012 and why? some of answers we got, very interesting. lawrence william says hands down chris christie, he had a great year. liberals, we can say it with pride again. we get...
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Dec 5, 2012
12/12
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the ports will be open tomorrow. late last night, l.a.'s mayor announced an agreement has been reached to end the strike that crippled the nation's largest port complex just hours after federal mediators have arrived. >>> netflix soared 14% after inking a blockbuster deal for exclusive streaming rights to walt disney movies. >>> big lots shares shot up, but the sec is investigating the chief executive over a $10 million sale he made just over a month before the company's stock tanked earlier this year. the story was first reported in the "wall street journal." meanwhile darden is blaming a lackluster quarter on poor promotions and backlash over its stance against obamacare. the federal administration aviation is requiring boeing 787 have their fuel line connectors inspected over possible fuel leaks or fire. >>> john mcafee has turned up in guatemala city seeking political asylum. he's wanted as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it
the ports will be open tomorrow. late last night, l.a.'s mayor announced an agreement has been reached to end the strike that crippled the nation's largest port complex just hours after federal mediators have arrived. >>> netflix soared 14% after inking a blockbuster deal for exclusive streaming rights to walt disney movies. >>> big lots shares shot up, but the sec is investigating the chief executive over a $10 million sale he made just over a month before the company's stock...
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Dec 27, 2012
12/12
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CNBC
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some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big chunk of your dues money. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. breaking news now from the asian
some are calling it the port's cliff. that's not the only outrage coming from the unions this week. we are going to discuss that next. free market capitalism, best path to prosperity. this is something they learned the hard day the american people are tired of the status quo. >> who are you going to vote for? >> definitely not this guy. >> you know your money got him elected last time. >> i didn't give that guy a dime. >> yeah, you did. our union gave him a big...
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Dec 25, 2012
12/12
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bam bam is a western lowland gorilla living at the port limnney wild animal park in kent, england, where he can sometimes be seen strutting across his enclosure on just two feet. keepers say this stance gives him a height advantage he can use to see over the wall when they come to feed him. and apparently, the ability to walk like a man runs in the family. bam bam's father displayed the same unusual behavior. so, he's just following in his father's footsteps. >>> from a primate who can walk the walk, to a baby doing -- whatever this is. that can't possibly be a real baby. can it? >> you kind of hope that it's cg. >> you are going to send this to everyone you know who has a baby. >> amazing special effects or obscure child development practice, when we return to "caught on camera: viral videos, do you believe?" i'm done! "are you a cool mom?" i'm gonna find out. [ female announcer ] swiffer wetjet's pads are better than ever. now they have the scrubbing power of mr. clean magic eraser so you don't have to get down on your hands and knees to scrub away tough, dried-on stains. hey, do you g
bam bam is a western lowland gorilla living at the port limnney wild animal park in kent, england, where he can sometimes be seen strutting across his enclosure on just two feet. keepers say this stance gives him a height advantage he can use to see over the wall when they come to feed him. and apparently, the ability to walk like a man runs in the family. bam bam's father displayed the same unusual behavior. so, he's just following in his father's footsteps. >>> from a primate who can...
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Dec 25, 2012
12/12
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in just 35 seconds most of the capital city of port-au-prince lies in ruins. surrounding areas are flattened. >> what happened in haiti was beyond anything i've ever seen. >> the disaster is compounded by the fact that haiti, one of the world's most impoverished countries has a vulnerable infrastructure and poorly constructed buildings strong aftershocks further traumatize the capital's 2 million residents. news of the earthquake travels around the globe. on another island around the ocean, icelandic rescue hears of the disaster. they are trained for emergency rescues on land and sea. >> i was called and ask if i was able to go. i said yes. and things evolved pretty fast after that. >> the icelanders are on the ground within 24 hours, despite traveling 4,000 miles, they're the first international team to arrive in haiti. as night falls, they secure a truck to assess the damage in port-au-prince. >> it was completely dark. there was no electricity. people were burning tires s people were burning tiress -- ad stuff on the streets, just to get some light >> with
in just 35 seconds most of the capital city of port-au-prince lies in ruins. surrounding areas are flattened. >> what happened in haiti was beyond anything i've ever seen. >> the disaster is compounded by the fact that haiti, one of the world's most impoverished countries has a vulnerable infrastructure and poorly constructed buildings strong aftershocks further traumatize the capital's 2 million residents. news of the earthquake travels around the globe. on another island around...
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Dec 24, 2012
12/12
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FBC
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melissa, where i practice in california with the ports here there are a lot of task forces that actually do crack down on counterfeit handbags, counterfeit shoes, all the type of things being sold over the internet and in storefronts. it is a big business here in california and there are special task forces. but like i said, that costs money. melissa: yeah. >> to prosecute, a the lot of witnesses are out-of-state. when i was a prosecutor it is hard to get people out-of-state to come in and testify. melissa: you guys convinced me. i guess i won't do it after all. i love my job anyway. i was going to do this on the side maybe because it seemed like selling fake knock-off bags would be easy but never mind. >> no, you want the original. >> merry christmas. melissa: good point. mistletoe is not just a source of awkward sexual tension at holiday party any longer. it may give the kiss-of-death to many deadly diseases. we'll explain that coming up next. you can't can never have too much money or too much mistletoe. [ malennouncer ] it's tt time of year again. time f citi price rewind. because yo
melissa, where i practice in california with the ports here there are a lot of task forces that actually do crack down on counterfeit handbags, counterfeit shoes, all the type of things being sold over the internet and in storefronts. it is a big business here in california and there are special task forces. but like i said, that costs money. melissa: yeah. >> to prosecute, a the lot of witnesses are out-of-state. when i was a prosecutor it is hard to get people out-of-state to come in...
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Dec 1, 2012
12/12
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of the nation's largest ports are shut down due to a strike. workers in los angeles and long beach walked off the job tuesday claiming their jobs are being outsourced. the two sides remained at a standoff and that's hurting the bottom line. the executive director at the port of los angeles tells "outfront" some ships are being diverted to mexico. at this time of the year, that means everything you're buying for christmas. >>> tensions are rising in egypt after members passed a draft constitution today. all articles were approved by the muslim brotherhood, the party of mohammed morsi. frustrated coptic christians walked out because they said their views weren't being heard. the fate of the constitution won't be clear for another two weeks when egyptians get to vote on the draft. >>> the -- is warning tension could backfire. the reason, that's something of great concern and one group they're worried about is the group the international community has been trying to oust in that region. mark schroeder tells us aqim is actually consolidating and get
of the nation's largest ports are shut down due to a strike. workers in los angeles and long beach walked off the job tuesday claiming their jobs are being outsourced. the two sides remained at a standoff and that's hurting the bottom line. the executive director at the port of los angeles tells "outfront" some ships are being diverted to mexico. at this time of the year, that means everything you're buying for christmas. >>> tensions are rising in egypt after members passed...
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Dec 26, 2012
12/12
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CNBC
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. >> kicking the canister down the port is more likely. thank you very much. peter, thank you as well. >>> netflix calling out amazon.com after the movie's streaming service has a major outage on christmas eve. we will give you details on this brewing battle royale. >>> plus, why the fiscal cliff is scaring some people into returning their christmas gifts. >>> and dangerous winter weather in much of the country. with more on the way. we will give you a live update on the storms and their potential economic impact. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. and his new boss told him two things --
. >> kicking the canister down the port is more likely. thank you very much. peter, thank you as well. >>> netflix calling out amazon.com after the movie's streaming service has a major outage on christmas eve. we will give you details on this brewing battle royale. >>> plus, why the fiscal cliff is scaring some people into returning their christmas gifts. >>> and dangerous winter weather in much of the country. with more on the way. we will give you a live...
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the russians are jalously guarding the port of tartus where they have a significant military and financial investment in syria. they are a patron of syria. it is very unlikely of the russians are going to help dislodge this, and that is a shame, obviously, becase the syrians are loading chemical weapons. we hear dangerous reports command of syria rig now. lou: and we learn that the pen exiles, one of the exile leaders returning to gaza today. well, not returning to, but going from which he had been banned for 45 years. your reaction? and an assessment ofits significance. >> sure. the political leader. this is seen as a victory. i'm not sure why they t him back in. but currently celebrating his 205th anniversary, and they are also celebrating what they describe as a victory over the israelis despite the fact that the israelis really dominated the battlefield during that war in gaza two weeks ago. lou: it's great to have you with us. we tnk you so much. appreciate i >> my pleare. lou: much more. we will takell of that up with the "a-team"ere next. ♪ lou: 18 days until chrisas, 24 days unti
the russians are jalously guarding the port of tartus where they have a significant military and financial investment in syria. they are a patron of syria. it is very unlikely of the russians are going to help dislodge this, and that is a shame, obviously, becase the syrians are loading chemical weapons. we hear dangerous reports command of syria rig now. lou: and we learn that the pen exiles, one of the exile leaders returning to gaza today. well, not returning to, but going from which he had...
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Dec 29, 2012
12/12
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FBC
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the port that is in this bil, and it is ridiculous. tom: like you said, trying to cram all this in before the end of the year. is -- every piece ofp proponent writing about this has said this is critical. you do it before the end of the year because these victims are sitting there, and it's true. the victims are still sitting there in horrible conditions. temporary housing. a lot of that ends on december 31st. in motel rooms, try to figure out where to go. homes are destroyed. is the some urgency, some part of this that can make a difference in some part of somebody's life next week? >> is no doubt about it, but make the case for why the senate should have done this right. what put all this pork inerrant way this bill down. it's disgraceful to load a bill like this that has good motives to my good intentions, help people with pork. it's an emergency bill for sandy victims. it's typical of washington. exactly the type of thing that needs to stop in the city. frankly, it encourages young people like me who will have to pay for stuff like
the port that is in this bil, and it is ridiculous. tom: like you said, trying to cram all this in before the end of the year. is -- every piece ofp proponent writing about this has said this is critical. you do it before the end of the year because these victims are sitting there, and it's true. the victims are still sitting there in horrible conditions. temporary housing. a lot of that ends on december 31st. in motel rooms, try to figure out where to go. homes are destroyed. is the some...
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. >> 10,000 longshore workers in the ports of l.a. long beach will start moving cargo on these ships. >> yeah! [applause] >> we're going to get these services serviced. we'll get cargo moved throughout the supply chain in the country and get everybody those christmas presents they're looking for in those stores. >> the employers recognized the critical impact of this port to the nation and we're delighted that the terminals will be operating again. >> and a big deal once again because so much of these goods end up all across the u.s. cars come through here. computers come through here. the final contention over this 30-month disagreement striking in only eight days was whether or not when someone retires or new jobs were added if they were added here or go overseas. neither side is saying what the final decision is, what the final outcome is. they agreed on something and everybody is back to work. tracy. tracy: that is good news especially for the holidays. fox news's adam housley. thank you. >> yeah. ashley: there goes the horn. the
. >> 10,000 longshore workers in the ports of l.a. long beach will start moving cargo on these ships. >> yeah! [applause] >> we're going to get these services serviced. we'll get cargo moved throughout the supply chain in the country and get everybody those christmas presents they're looking for in those stores. >> the employers recognized the critical impact of this port to the nation and we're delighted that the terminals will be operating again. >> and a big...
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Dec 8, 2012
12/12
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the official weight won't be known until sunday when they pull into port, but in a telephone interview, the boat skipper said it weighed in at a record 459 pounds. wow. >>> is this the end of "gangnam style" mania? korean pop star psy, his music video has become the most watched video in youtube history with a billion hits is now apologizing for anti-american lyrics he rapped back in 2004. nick valencia is here to talk more about this so this actually resurfaced on cnn through an i-report. you actually had a chance to watch it. >> i did watch the video and in full disclosure, transparency, not allowed to show the video for legal reasons, but it's pretty dramatic video. he lifts up a tank over his head, a u.s. army tank on the ground and uses his mike to crush the pieces that remain. he made the comments after 2004. you'll remember how divisive the iraq war was, of course, i don't have to tell you, but he made the comments after there was an execution of a korean missionary in iraq. a lot of people in south carolina at the time blamed the u.s. occupation there in 2004 on the reason why
the official weight won't be known until sunday when they pull into port, but in a telephone interview, the boat skipper said it weighed in at a record 459 pounds. wow. >>> is this the end of "gangnam style" mania? korean pop star psy, his music video has become the most watched video in youtube history with a billion hits is now apologizing for anti-american lyrics he rapped back in 2004. nick valencia is here to talk more about this so this actually resurfaced on cnn...
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Dec 28, 2012
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at the ports so this is going to be felt not just at the local economy at the port but nationwide for everybody else who relies on the ports to move their commerce. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the u.s. economy. neither the longshoreman's union nor the northern alliance would give us anyone to speak on camera but officials with knowledge of the negotiations say it boils down to one issue -- the key sticking point is over those large containers and the payments that longshoremen get for them. the shipping companies pay royalties to the longshoremen for the containers based on their weight but the shipping companies want to freeze the royalty payments for current longshoremen and eliminate them completely for future hires. the longshoremen say the royalties are designed to make up for jobs lost to automation. strike would only affect ports that handle containers, not other cargo like automobiles, but if the shipping companies lock out the longshoreman -- >> that would impact more than containers. that would impac
at the ports so this is going to be felt not just at the local economy at the port but nationwide for everybody else who relies on the ports to move their commerce. >> coming at the same time as the fiscal cliff impasse it's a potentially devastating one-two punch for the u.s. economy. neither the longshoreman's union nor the northern alliance would give us anyone to speak on camera but officials with knowledge of the negotiations say it boils down to one issue -- the key sticking point...
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Dec 2, 2012
12/12
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we're going to close the food port and we're going to go away. okay? >> go ahead. >> all right. >> put your hand in. >> no. >> kevin was constantly in a battle of wills with the correctional staff. >> come on, kevin. >> you all started this [ bleep ]. i'm not going to stop until i [ bleep ]. >> what do you want? >> what i want? >> yeah, what do you want? >> you [ bleep ]. what i want. first of all, i want my things. i want my things and i want you all to leave me the [ bleep ] alone. >> if i get you a lunch -- >> am i going to stop, no? tomorrow same [ bleep ]. >> with kevin blanco you never knew what was going to happen. case in point, i was actually interviewing an officer about kevin blanco -- >> he has a problem with authority. >> and in the midst of this we heard over the radio that kevin had taken his rec cage hostage. >> we're going to stop. come out with us right now. kevin blanco. >> you all want to see me in a cell -- >> when we arrived at the rec pen we found deputy warden trying to talk blanco into cuffing up and leaving the pen. but blanco
we're going to close the food port and we're going to go away. okay? >> go ahead. >> all right. >> put your hand in. >> no. >> kevin was constantly in a battle of wills with the correctional staff. >> come on, kevin. >> you all started this [ bleep ]. i'm not going to stop until i [ bleep ]. >> what do you want? >> what i want? >> yeah, what do you want? >> you [ bleep ]. what i want. first of all, i want my things. i want my...
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Dec 28, 2012
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across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash by going public. it's hoping to pay down debt by going public. no word on a stock price for investing in shamu. >>> where do you get the best bang for your buck in hollywood? natalie portman, averages $42.70. shia labeouf brings in $35.80. and daniel radcliffe rakes in about $30 for every dollar he earns. >>> a sandy hook scammer is busted and tim tebow gets shoved aside again. >>> police are on the lookout for their crooks who nabbed over $30,000 in loot in including four guns, you're watching first look on msnbc. . >>> there's your first look at some of the other news going on, we begi
across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash...
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Dec 30, 2012
12/12
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. >> brenda: thanks, guys, that's got to be the last word. so, dock workers and shippers forging a temporary deal to avoid shutting down major ports and our economomomomom >> a last minute deal averts a crippling strike from maine to texas, but the temporary agreement will only last about a mth and jim, you say this could be the costliest union thre yet? how so? >> we've already seen tailers like home depot, lowe's and tget affect their business. we're in an age of just-in-time delivery. and when you disrupt that, you disrupt things when times are tough. bear in mind, also, there are 25 million peoe out of work. 52 million on food stamps and the unions are choosing now to flex their muscles. i don't know who is running pr for these people, it might be "monty python," it's bad timing and bad pr. >> brenda: and these people say they need a better, livable wage. yeah, what's wrong with workers getting a raise and wages going up overall in the economy? that's going to give people more confidence. >> brenda: right. >> it's a good, a little wage in
. >> brenda: thanks, guys, that's got to be the last word. so, dock workers and shippers forging a temporary deal to avoid shutting down major ports and our economomomomom >> a last minute deal averts a crippling strike from maine to texas, but the temporary agreement will only last about a mth and jim, you say this could be the costliest union thre yet? how so? >> we've already seen tailers like home depot, lowe's and tget affect their business. we're in an age of...
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Dec 28, 2012
12/12
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at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the international longshore men union and the shipping companies are deadlocked. a shutdown would affect 15 points from boston down the east coast of florida and into the gulf of mexico as far west as houston. these ports handle nearly 50% of all ocean-going container shipments to the united states. >> essentially everything is going to shut down that's related to the points. you're talking hundreds of t
at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global...
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Dec 5, 2012
12/12
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my 10,000 long shore workers in the ports of l.a.-long beach will start moving cargo on these ships. bill: this strike had a huge impact on the national economy. these two ports have a 44% of the nation's sea cargo. it includes cars out of japan and china. john fund, coauthor of the book "who's counting." you want a raise? you want a clerical worker? the money is pretty good. $87,000 a year. $105,000 with a compensation package. one of the top u.s. blue collar jobs. >> the outrageous thing about this strike is this. the port owners were willing to say all the clerks will have lifetime employment. but if someone retires we want the flexibility to move their job around or eliminate their position and the union said no. these clerks basically still use paper invoices to make sure the cargo moves clearly. a lot of that can be automated. these jobs, $165,000 are apparently forever. as a result of that we had this unnecessary strike and it cost a billion dollars a day and the price of toys may go up on christmas. >> this was not about bene
my 10,000 long shore workers in the ports of l.a.-long beach will start moving cargo on these ships. bill: this strike had a huge impact on the national economy. these two ports have a 44% of the nation's sea cargo. it includes cars out of japan and china. john fund, coauthor of the book "who's counting." you want a raise? you want a clerical worker? the money is pretty good. $87,000 a year. $105,000 with a compensation package. one of the top u.s. blue collar jobs. >> the...
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Dec 6, 2012
12/12
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WETA
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the ports of los angeles and long beach, california reopened today after port operators and the worker's union reached an agreement late tuesday. the union said it won new protections against job outsourcing. port officials said during the walkout, they were unable to move some $760 million worth of cargo a day. wall street had a day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more than 82 points to close at 13,034. but the nasdaq fell nearly 23 points to close at 2,973. the day's big loser was apple, down more than 6% over concerns that smart phone sales are lagging. former texas congressman jack brooks has died. he served 42 years in the house, and was in the dallas motorcade on november 63nd19, hen19 president kennedy was assassited. hours lates bokrowadonan hok as vice president andel fw texan lyndon johnson was sworn in to the presidency. later, brooks helped author the 1964 civil rights act, and he drafted the articles of impeachment against president nixon. jack brooks wa
the ports of los angeles and long beach, california reopened today after port operators and the worker's union reached an agreement late tuesday. the union said it won new protections against job outsourcing. port officials said during the walkout, they were unable to move some $760 million worth of cargo a day. wall street had a day of ups and downs and investors watched economic reports and weighed chances for a fiscal cliff deal in washington. the dow jones industrial average gained more...
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Dec 14, 2012
12/12
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FBC
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now, elizabeth macdonald has been up front of the story. >> reporter: being called the port storm. the spending bill for residents of new york and new jersey. let's take a look at some of the wish lists and items in the bill. $41 million for military bases including cuba. 23 million for tree planting, 4 million for sand dunes, $4 million for new cars and office equipment at the fbi. $2 million for a new roof at the smithsonian all the way down to $1 million for treason cemeteries, so here is the debate. did that storm hit d.c. or new york and new jersey? is it the right thing to nationalize the disasters? should you have it at the state -- spinning at the state level and not governed by the federal government? that is the problem. no hearings at on the spending in the spending bill. $60 billion on this is equal to what the tax hike would be in the top 2% bracket. dennis: what are they -- do we have any idea? >> reporter: i have been checking into it. no word. we have an update from the governors of new york, new jersey, and connecticut's and 60 billion went out the door two weeks a
now, elizabeth macdonald has been up front of the story. >> reporter: being called the port storm. the spending bill for residents of new york and new jersey. let's take a look at some of the wish lists and items in the bill. $41 million for military bases including cuba. 23 million for tree planting, 4 million for sand dunes, $4 million for new cars and office equipment at the fbi. $2 million for a new roof at the smithsonian all the way down to $1 million for treason cemeteries, so here...
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Dec 3, 2012
12/12
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CNBC
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. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no longer be the main trading hub. is he whis links in tling in th is it doable? >> i think if you look at the figures they speak for themselves. at the moment 40% is actually this london compared to maybe 3% in france, 2% in germany, and it's not just that london dominates, but that the long term trend is actually away from france and germany and towards london. so a tough challenge for the ecb. >> so even if eurozone banks -- i suppose can they lean on eurozone banks to move their trading floors to paris and frankfurt. i don't know. >> that's true. and the fact is with currency, it's not just about tradi
. >>> and a strike at the port in long beach could cost the u.s. economy $1 billion a day. more details when we come back. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express ember 22nd for christmas delivery. >>> you'euro slightly firmer agt the dollar. this is bank of france governor says the city of london should no...
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Dec 11, 2012
12/12
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CNNW
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in australia, for example, after the port arthur massacre in tasmania, a very conservative prime ministership of john howard had sweeping gun control. my view is that is not going to happen in the united states because so many people feel the way mr. thore does. >> kristen, why wouldn't they embrace it given that there are over 300 million guns in america, with the shooting just this afternoon, at columbus circle, 200 yards from the studio. execution style hit. most people didn't seem that bothered by it. it wasn't that shocking. in britain, it would be the biggest story for weeks. it's such an endemic gun culture that almost no outrage seems to register with people. >> it's unfortunate where if it's a high-profile tragedy like in aurora, colorado, people talk about it a lot and then the story fades away. you have not seen a lot of political will on either side of the aisle toward actually changing the laws around guns. i think the point that bob costas has made in his remarks since his initial sunday night football discussion of guns is that there's the cultural issue in terms of people seei
in australia, for example, after the port arthur massacre in tasmania, a very conservative prime ministership of john howard had sweeping gun control. my view is that is not going to happen in the united states because so many people feel the way mr. thore does. >> kristen, why wouldn't they embrace it given that there are over 300 million guns in america, with the shooting just this afternoon, at columbus circle, 200 yards from the studio. execution style hit. most people didn't seem...
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Dec 26, 2012
12/12
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FBC
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that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at loggerheads. you don't want to shut down commerce in the united states and that's what this will do. liz: it would stretch from maine to houston apparently. it would choke supply chains across the country. and whether or not the federal government would step in and mediate this one is going to be a key issue going forward for any similar labor disputes. david: if the government does, of course the obama administration has been seen as being pro union, would that continue to be pro union even though being pro union could cripple this economy. liz: it depends on whoois on the boa
that's just one port. this is going to be newark, the gulf ports down in houston. adam: what seems to be a sticking point is a fee that the men and women who unload the containers get paid by the weight of the container. one thing not knowing too much of the details of where the hold-up is, the containers are getting larger and larger. what the ports are saying is it's too expensive. it hit a point where the the fees can't keep growing. they want to cap it. that seems to be where they are at...
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Dec 27, 2012
12/12
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FBC
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tracy: that is not good. >> dockworkers are into shutdown the ports the longshoremen association in maritime alliance agreed to talk to mediators. revolving around container royalties the bonuses paid on tonnage so business groups have asked president obama to intervene. florida governor scott has held a conference call to discuss the impact if the standoff is not resolved by saturday midnight. more than 14,000 workers will strike affecting shipping across the country. i say let them go. >> there was the 10 day lockout costing $1 million per day. lot of people are looking for work. lori: and that was 10 years ago. tracy: oil is up nearly 3% since christmas. lori: who is the most bankable star in cable television? tom cruise? tracy byrnes? the list is said. did you have a stronger dollar against the euro >> energy pricing is losing ground after jumping 3%. we have sandy smith at the chicago mercantile exchange. you told us oil would hit $100. we're on our way. >> we are down with today's session. people stepped in to the oil market because it was struggling. it is still negative for the year
tracy: that is not good. >> dockworkers are into shutdown the ports the longshoremen association in maritime alliance agreed to talk to mediators. revolving around container royalties the bonuses paid on tonnage so business groups have asked president obama to intervene. florida governor scott has held a conference call to discuss the impact if the standoff is not resolved by saturday midnight. more than 14,000 workers will strike affecting shipping across the country. i say let them go....
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Dec 28, 2012
12/12
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KPIX
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as the rest of the country focuses on the political gridlock in washington workers at the port of houston are working overtime trying to get as many shipments in and out as they can before a threatened strike brings the port to a standstill. >> sitting here right now we fully expect there will be some shutdown or strike at the end of the day. >> reporter: jon gold vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the puzzle when it comes to the global supply chain. if they're not operating as efficiently as possible it slows down the entire system and hurts the productivity of all of the users of the system. >> reporter: negotiations between the international longshoreman's union and the shipping companies are deadlocked over a proposal to cut royalties paid to nearly 15,000 dockworkers for each ton of cargo they move. shutdown would affect 15 ports from boston down the east coast to florida and into the gulf of mexico, as far west as houston. these ports handle nearly 50% of
as the rest of the country focuses on the political gridlock in washington workers at the port of houston are working overtime trying to get as many shipments in and out as they can before a threatened strike brings the port to a standstill. >> sitting here right now we fully expect there will be some shutdown or strike at the end of the day. >> reporter: jon gold vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global...
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Dec 11, 2012
12/12
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KPIX
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charged to the port. the probe found dozens of employees put questionable charges on the port credit cards. >>> got your traffic and rain on the way coming up. ,, ,,,,,, >>> good morning. a live look at the bay bridge, it's backed up solidly through the may see this morning. there is a stall reported near the metering lights so that's not helping the commute about 20 to 25 minutes to get on the bay bridge. the nimitz 880 through oakland looks good towards downtown. and once again a dense fog advisory issued by chp for portions of eastern contra costa. >> patchy fog out there now out the door. watch out for that especially in some of the interior valleys. but yeah, looks like the 30s and 40s right now. by the afternoon, only in the 50s and 60s. increasing clouds chance of rain is on the way. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv in
charged to the port. the probe found dozens of employees put questionable charges on the port credit cards. >>> got your traffic and rain on the way coming up. ,, ,,,,,, >>> good morning. a live look at the bay bridge, it's backed up solidly through the may see this morning. there is a stall reported near the metering lights so that's not helping the commute about 20 to 25 minutes to get on the bay bridge. the nimitz 880 through oakland looks good towards downtown. and once...
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Dec 14, 2012
12/12
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navy stationed at a ukrainian port. >>> a small victory for the nerds today. president obama must respond to a petition responded by t.j. on the white house's we the people website, asking him to start constructing a death star by 2016. i'm talking about the death star from "star wars." the one with the planet destroying laser beams who remembers the planet? what was the planet? no one? no one? you guys are geeks. i thought you'd know it for sure. the white house promised it would answer any petition submitted to its website that gets 25,000 signatures. this one now has 27,000. the petition says a death star weapons system could help strengthen our national defense. and help create jobs. you had ten sections on google and no one could help me out? calderon. thank you. >>> the ear piercing screams fill the shopping malls this time of year, not too different from the screams at a pediatrician's office, right? last night jimmy kimmel asked viewers to judge these pictures of crying kids that were taken on santa's lap, during or comparing those to a flu shot at the
navy stationed at a ukrainian port. >>> a small victory for the nerds today. president obama must respond to a petition responded by t.j. on the white house's we the people website, asking him to start constructing a death star by 2016. i'm talking about the death star from "star wars." the one with the planet destroying laser beams who remembers the planet? what was the planet? no one? no one? you guys are geeks. i thought you'd know it for sure. the white house promised it...
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Dec 28, 2012
12/12
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it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night. and i think it's safe to say that retailers a
it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back...
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Dec 2, 2012
12/12
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. >> inmate hall, come to the door and cuff up. if you do not cuff up, we will introduce chemical agents. are you going to comply? >> introduce o.c. >> hall has covered his food port and window with a mattress. but the special response team knocks it down and fires a couple of short bursts of o.c. gas. >> hall, you're going to be all right, all right? listen to my orders, okay? >> i can't. >> i need you to get up on your knees. come on, help us out. >> ahhh! >> shooting an extraction wearing a gas mask is pretty difficult. you're kept a certain distance from the view finder. it's hard to see. with my beard or goatee, the seal is compromised a bit. so there is some of the gas that leaks in. eyes are watering a bit. but that's just part of it. we go in there and do the best we can to show what's going on. >> what's going on with these [ bleep ]? i need fresh air. i can't breathe. >> you're all right, hall. >> so that was quite a first day. the next day we had to go back into ad seg to continue doing our interviews and one of the inma
. >> inmate hall, come to the door and cuff up. if you do not cuff up, we will introduce chemical agents. are you going to comply? >> introduce o.c. >> hall has covered his food port and window with a mattress. but the special response team knocks it down and fires a couple of short bursts of o.c. gas. >> hall, you're going to be all right, all right? listen to my orders, okay? >> i can't. >> i need you to get up on your knees. come on, help us out. >>...
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Dec 4, 2012
12/12
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port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of course, blame the other side. the clerical workers are the ones that have gone on strike here. there's about 800 of them. they say that when they retire, those jobs are being moved overseas to other countries, and they don't want that to happen anymore. because of that, 10,000 long shoremen won't cross the lines. we talked to the clerical workers yesterday afternoon about the strike. here's what they said. >> we've been dealing with corporate greed and the outsourcing of jobs and, you know, a lot of people say what we're doing is h
port complex in the country. you put the two together, you separate 'em out, and they're one and two. cargo ships just sitting there waiting to be unloaded. we know of at least 11 ships that have gone to other ports because this port has been shut down for a week. as far away as panama. nothing's getting through here, as i mentioned, one port employee said stuff is just trickling through. bill: what are the two sides saying, adam? what are you hearing? >> reporter: well, both sides, of...
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Dec 28, 2012
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walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the warehouses where all this stuff is stored and truckers who move it around the country. it would, as you say, patti ann, another hit to already weak economy. we had weak christmas and hand call sales. we had the start of rising gas prices. yesterday consumer confidence went way down. a big sharp drop there. if you add in a port strike, you are seriously weakening an already weak economy. patti ann: okay. so florida's governor, along with some other officials are hoping to possibly invoke the taft-hartley act to stop the international longshoreman's association from going through with this strike. do you expect that to happen? >> well the president could intervene. he could step in and say, hold on a minute, do not walk off the job. we've got to intervene in this situation. that is seen as unlikely. the president doesn't want to get involved in this. if he did, then the existing contract
walk off the job at 14 major ports on the east coast and the gulf coast. directly affected? retailers who will have a hard time getting supplies in for the spring sales. the warehouses where all this stuff is stored and truckers who move it around the country. it would, as you say, patti ann, another hit to already weak economy. we had weak christmas and hand call sales. we had the start of rising gas prices. yesterday consumer confidence went way down. a big sharp drop there. if you add in a...
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Dec 27, 2012
12/12
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the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still being moved in and out of here by a truck that are being offloaded from the ships here at the terminal. about 600,000 containers move through the city of baltimore but that could all come to a grinding halt if they can't reach a deal. they move everything from our clothes to toys and electronics through the ports and into the marketplace. but a lot of those goods won't be making it to our stores if lo longshore men go on strike. if a deal can't can be reached between the shipping companies and longshore men. >> the impact would be great on the value side and cargo side. these ports are economic generators. >> richard sheer and others say the
the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still being moved in and out of here by a...
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Dec 3, 2012
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>>neil: a strike that ships down most of the los angeles and long beach port complex for a lot of crucial ships entering the 7th day. it is a serious cause for alarm as in "santa claus." the longer it stays on the ship the less likely it lands on santa's sleigh. explain this. >>guest: right our biggest concern is we have ports shut down. a majority of the holiday merchandise has arrived in the united states right now there is the last big push to get the holiday merchandise to the stores and they are stuck on ships at sea. >>neil: if you don't follow this stuff, if this age of time inventory, retailers do not stack a lost stuff on their shelves, to save money and, also, to respond quickly to what is selling hot and what is not and a lot of this stuff on the ships is pretty hot, what could be affected for people. >>guest: it can be everything from wearing apparel, and consumer electronics, and foot wear, and home goods and folks are actually looking at bringing in spring merchandise so you are looking at patio furniture. >>neil: what would happen to the prices of those goods, then, if they
>>neil: a strike that ships down most of the los angeles and long beach port complex for a lot of crucial ships entering the 7th day. it is a serious cause for alarm as in "santa claus." the longer it stays on the ship the less likely it lands on santa's sleigh. explain this. >>guest: right our biggest concern is we have ports shut down. a majority of the holiday merchandise has arrived in the united states right now there is the last big push to get the holiday...
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Dec 7, 2012
12/12
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CNNW
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that's not the way to get to an agreement that i think is port-au-prince the american people and very important for our economy. thanks. >> there you go. speaker always short and sweet and had that intention of coming out at 11:00. and hit his mark. four minutes later, done with that. so the meantime, christine romans is there. she has been breaking down the jobs number. you heard him. he said that president -- the call with the president was -- more of the same. and that the -- >> pleasant. more of the same. >> such a holiday spirit. look, this is critical because we are starting to see really hardened numbers when it comes to the taxation of the top 2%. >> let me tell you what the -- smart money on wall street is saying. one of the reasons why still have the dow above 13,000, they think that the president and democrats have held the line here and they have the upper hand and have the leverage. and the question now is what will the top tax rate be? right now 35%. it is going to go up to 39.5%. >> that's the wish list of the democrats. goes all the way -- >> 39.5%. >> pre-bush tax cut
that's not the way to get to an agreement that i think is port-au-prince the american people and very important for our economy. thanks. >> there you go. speaker always short and sweet and had that intention of coming out at 11:00. and hit his mark. four minutes later, done with that. so the meantime, christine romans is there. she has been breaking down the jobs number. you heard him. he said that president -- the call with the president was -- more of the same. and that the -- >>...
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Dec 3, 2012
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who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at goldman in 2008. >>> news corp. announced the ceo of its uk newspaper operations who took the reins in july of last year is stepping down. >>> swiss banking giant ubs is reportedly close to reaching a $450 million settlement with u.s. and british authorities over an interest rate-rigging scandal that rocked the banking world this year. and on the deal front, delta airlines is said to be in talks for a 49% stake in british carrier virgin atlantic. >>> finally, check this out. the massive toys "r" us store in times square opened sunday morning. it's not going to close again unti
who shut down 10 of 14 terminals at two california ports. the group estimates the now week-long strike is costing $1 billion a day. >>> edward glen hayden, managing director and head of global interest rates at morgan stanley, pictured here during his days at goldman sachs is being investigated by commodities and futures regulators. according to "the new york times," the question is whether hayden's trading manipulated the price of treasury futures while he was back at...
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Dec 27, 2012
12/12
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FBC
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stuart: president obama is not in a position to fire port workers and the people who run the ports, they're not going to fire them, they'll just let them walk out, that's what's going on. >> well, look, this didn't work out well for the hostess company and for twinkies, so i feel like somebody has a to take a hard stand here, if we keep letting it happen over and over again, it's a situation. whether it be with congress or strikes, there need to be consequences for people's actions, stuart. stuart: you're right. here we are at the end of the year, we've run out of money and a fiscal cliff crisis on our hands, dock workers are probably going to go on strike. it's coming to a head and we thought everything would be resolved by the election we had a couple of months ago, it's just not working, is it. >> no, it's not. we thought it would be a slow news cycle and certainly that's not happening. stuart: no, no, no, it's not happening. of course in the news business, that's kind of good news, isn't it? carol roth, we appreciate you being with us. thanks indeed, carol. toyota, here is the news, it'
stuart: president obama is not in a position to fire port workers and the people who run the ports, they're not going to fire them, they'll just let them walk out, that's what's going on. >> well, look, this didn't work out well for the hostess company and for twinkies, so i feel like somebody has a to take a hard stand here, if we keep letting it happen over and over again, it's a situation. whether it be with congress or strikes, there need to be consequences for people's actions,...
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Dec 28, 2012
12/12
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in the ongoing dispute over our nation's ports and a possible strike, we have just learned that both sides have resolved the royalties question and they have agreed to another 30 days of negotiation for other issues. what that means bottom line is there will be no strike at more than a dozen east ports for a month. >>> amid-the fallout that a plunge off the fiscal cliff would bring, there is this this. a tax break that has saved st g struggling homeowners from paying thousands of dollars to the irs. that's set to expire. alison kosik is at the new york stock exchange to explain this. so what is this all about? >> first of all, this would affect anyone who foreclosures on their home or who sells their home as what's known as a short sale. that's when you sell your home at a loss but avoid foreclosure. this could involve up to a million people. this is about a law put in place in 2007 called the mortgage forgiveness debt relief act. let's say you sell your house for $100,000 but your mortgage is $150,000. you normally have to pay taxes on the remaining $50,000. this law excuses homeown
in the ongoing dispute over our nation's ports and a possible strike, we have just learned that both sides have resolved the royalties question and they have agreed to another 30 days of negotiation for other issues. what that means bottom line is there will be no strike at more than a dozen east ports for a month. >>> amid-the fallout that a plunge off the fiscal cliff would bring, there is this this. a tax break that has saved st g struggling homeowners from paying thousands of...